REV Group (NYSE:REVG) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

REV Group (NYSE:REVG) announced its quarterly earnings data on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03, Briefing.com reports. REV Group had a negative net margin of 1.28% and a negative return on equity of 0.87%. The company had revenue of $616.30 million during the quarter, compared to analysts’ expectations of $620.98 million. During the same quarter in the prior year, the company earned $0.05 EPS. REV Group’s revenue was down 5.6% compared to the same quarter last year.

REV Group stock traded down $0.16 during mid-day trading on Friday, reaching $8.52. 3,600 shares of the company’s stock were exchanged, compared to its average volume of 380,043. The company has a market cap of $540.82 million, a P/E ratio of -18.47 and a beta of 2.82. REV Group has a twelve month low of $3.50 and a twelve month high of $11.55. The company has a quick ratio of 0.67, a current ratio of 1.89 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average of $9.40 and a 200-day moving average of $7.93.

Several analysts have recently weighed in on the stock. Credit Suisse Group increased their price target on shares of REV Group from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Thursday, September 10th. Morgan Stanley raised shares of REV Group from an “underweight” rating to an “equal weight” rating and set a $10.00 price objective for the company in a research report on Tuesday, December 15th. Jefferies Financial Group cut shares of REV Group from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research report on Thursday, December 10th. Zacks Investment Research cut shares of REV Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 19th. Finally, BidaskClub cut shares of REV Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $7.54.

About REV Group

REV Group, Inc designs, manufactures, and distributes specialty vehicles in the United States, Canada, Europe, Africa, the Middle East, Latin America, the Caribbean, and internationally. It operates through three segments: Fire & Emergency, Commercial, and Recreation. The Fire & Emergency segment offers a range of fire apparatus and ambulance products for municipalities and private contractors.

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